Trading brokerage charges comparison to the ocean


If you store a container at the port beyond free days, then demurrage and detention applies. Such activity can take place at the same location as the port of discharge, or at a location close to the port of discharge.

It may be carried out either by the carrier using road or rail modes Carrier Haulage or by the merchant using road or rail modes Merchant Haulage. Similar to the pre-carriage, there are a few activities that happen in a containerized shipment after the container has been discharged from the ship. Unpacking charges - A fee that maybe charged by a 3 rd party warehouse for the unpacking of the cargo from the container at their premises.

Documentation charges - Charges that may be applicable for the preparation of import documentation such as Permits, Licenses and such. Release Fee - A fee charged by the destination port to release cargo for further movement or action. You may have noticed on your freight quote that the carrier has indicated that quotations are subject to their Terms of Carriage, including its choice of law and jurisdiction, which makes the quotation legal and binding.

Once a quote has been accepted and the cargo has been shipped, there is no room for any dispute on that quotation because the carrier has been very clear in their offering. Even if there is no express acceptance of a quote by a shipper, but shipper books the cargo with the carrier, the carrier will deem the act of booking of cargo to be an acceptance of its quote.

It is therefore very important for a shipper to read and understand all the terms and conditions clearly and properly before agreeing to ship with that carrier on the basis of that particular quotation. Remember that YOU are choosing the carrier, so you are entitled to ask them to explain all charges in detail. You as a shipper should take advantage of innovative freight benchmarking companies to compare what rate you should be paying to the carrier and whether the quotation provided by the carriers are in line with the market.

Fuel Surcharge - Fuel Surcharge applicable for the transport. Additional charges may include the following: Legality of a freight quote You may have noticed on your freight quote that the carrier has indicated that quotations are subject to their Terms of Carriage, including its choice of law and jurisdiction, which makes the quotation legal and binding. The Institute of Chartered Shipbrokers sets educational standards throughout the industry worldwide, whose Fellows are accorded the privilege of using the post-nominal letters FICS.

When a shipowner has a vessel to sell or is looking for a vessel to acquire, the shipbroker will scour the market for buyers, or for suitable sales candidates, discuss with potential counterparties or their broker the main points of the sale transaction and eventually negotiate all of the details, usually based on a standard contract.

During such proceedings, shipbrokers not only negotiate the price of the vessel on behalf of their principals but also all the logistical details for the transfer of the title and the vessel itself to the buyers new owners , including the banking arrangements. During any negotiation minor disputes may occur which are to be handled in accordance with market fluctuation, i. When shipbrokers act on behalf of passive investors or financial buyers, they may also have to find time charter employment for the vessel and assist with practical arrangements such as the appointment of ship managers.

Dry Cargo brokers are typically specialists in the chartering of Bulk carriers , and are engaged to act either for a shipowner looking for employment for a ship, or a charterer with a cargo to be shipped. Dry Cargo brokers maintain large databases of vessel positions, cargoes and rates, paying constant attention to the direction of the markets so as to advise their clients accurately as to how to maximize profits or minimize expenses.

Dry Cargo shipping can, in general terms, be categorized by Vessel size: Many owners, charterers and brokers tend to specialize in one or other of these sectors. Tanker brokers specialize in the chartering of Tankers , which requires a different skillset, knowledge and contacts from Dry Cargo broking. Tanker brokers may specialize in crude oil , gas , oil products or chemical tankers.

Tanker brokers similarly negotiate maritime contracts, known as Charter Parties. The Institute of Chartered Shipbrokers sets educational standards throughout the industry worldwide, whose Fellows are accorded the privilege of using the post-nominal letters FICS. When a shipowner has a vessel to sell or is looking for a vessel to acquire, the shipbroker will scour the market for buyers, or for suitable sales candidates, discuss with potential counterparties or their broker the main points of the sale transaction and eventually negotiate all of the details, usually based on a standard contract.

During such proceedings, shipbrokers not only negotiate the price of the vessel on behalf of their principals but also all the logistical details for the transfer of the title and the vessel itself to the buyers new owners , including the banking arrangements.

During any negotiation minor disputes may occur which are to be handled in accordance with market fluctuation, i. When shipbrokers act on behalf of passive investors or financial buyers, they may also have to find time charter employment for the vessel and assist with practical arrangements such as the appointment of ship managers. Dry Cargo brokers are typically specialists in the chartering of Bulk carriers , and are engaged to act either for a shipowner looking for employment for a ship, or a charterer with a cargo to be shipped.

Dry Cargo brokers maintain large databases of vessel positions, cargoes and rates, paying constant attention to the direction of the markets so as to advise their clients accurately as to how to maximize profits or minimize expenses. Dry Cargo shipping can, in general terms, be categorized by Vessel size: Many owners, charterers and brokers tend to specialize in one or other of these sectors.

Tanker brokers specialize in the chartering of Tankers , which requires a different skillset, knowledge and contacts from Dry Cargo broking. Tanker brokers may specialize in crude oil , gas , oil products or chemical tankers.

Tanker brokers similarly negotiate maritime contracts, known as Charter Parties.